The transfer of bitcoins from one person to another at this point is anonymous, not sure about untraceable (which IP addresses took part in the transaction). But making use of the bitcoins for tangible goods does require the use of an exchange, which is definitely not anonymous and is definitely traceable.

The transfer of bitcoins from one person to another at this point is anonymous, not sure about untraceable (which IP addresses took part in the transaction). But making use of the bitcoins for tangible goods does require the use of an exchange, which is definitely not anonymous and is definitely traceable.

Yeah, but AFAIK, you don't have to show WHERE you got said bitcoins from.

Oh now that has got me thinking...Due to my drug-addled memory I have incomplete recall on how many sexual partners I've had, I've tried making the list but the late 90s are too vague so I guess I will never know exactly how many breasts I came across./yes, that does have another meaning.

The transfer of bitcoins from one person to another at this point is anonymous, not sure about untraceable (which IP addresses took part in the transaction). But making use of the bitcoins for tangible goods does require the use of an exchange, which is definitely not anonymous and is definitely traceable.

Yeah, but AFAIK, you don't have to show WHERE you got said bitcoins from.

You only have to prove where you got your real money from if the authorities have other evidence to suspect you're making money in illegal enterprises. A cop can't just willy-nilly shake you up for cash if he has no reason to suspect something is askew- that's like one of the very bases our laws in the US are built upon.

Crotchrocket Slim:You only have to prove where you got your real money from if the authorities have other evidence to suspect you're making money in illegal enterprises.

As someone who has spent the past eleven years working for himself, after fifteen years of standard by-the-book W-2 regular jobs, it still surprises me how much I am able to make "outside the system" and how little of it would actually be known to the IRS unless I report it. And I'm in a legit profession, nothing illegal.

I've also met quite a few others who do quite well off the books - gardeners, handymen, tattoo artists, real estate investors - without being involved in criminal stuff. The shadow economy is a lot bigger than I ever imagined, even here in the well-regulated and reported US.

Crotchrocket Slim:You only have to prove where you got your real money from if the authorities have other evidence to suspect you're making money in illegal enterprises. A cop can't just willy-nilly shake you up for cash if he has no reason to suspect something is askew- that's like one of the very bases our laws in the US are built upon.